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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company. The Company is engaged in the acquisition, exploration, development, and operation of gold mineral properties.


TSXV:RML - Post by User

Comment by SilverSamon Jul 10, 2023 12:43pm
200 Views
Post# 35533758

RE:RE:you better

RE:RE:you betterRML press release of April 11, 2023:

"In issuing the writ, the court found that Rusoro had proven that PDVSA is the corporate "alter ego" of 
Venezuela , and that Rusoro's arbitration award, which including interest exceeds $1.7 billion...."

Crystallex claim, with interest, likely equals or exceeds this amount.  So excluding the other corporations involved, whose claims are substantial, we have already blown past 3 billion.  RML is behind at least some of these, so we can easily do the  math and see that what is left for distribution for RML might be a lot less than shareholders are anticipating.
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